‘Twitter’ hedge fund shuts down after a month

Investment UK – The only dedicated ‘Twitter’ hedge fund, Derwent Capital Markets’ Absolute Return fund, has shut down just a month after opening.

This was even though it made a return of 1.86% in that single month, more than the average hedge fund. According to a report in the Financial Times, Paul Hawtin, chief executive and founder of Derwent said one of its largest investors felt that instead of trading on the back of trading signals, it would be better to relate them to private investors direct.